On the occasion of the European Parliament’s vote on the reform of the EU Emissions Trading System, he environment committee had sent a hard-won compromise deal to the plenary, but it got sabotaged there with the reintroduction of amendments from other committees
A new analysis shows the expansion of the scope of the EU’s Emission Trading System (EU ETS) for aviation could bring several environmental and economic benefits without significantly increasing operating costs for airlines.
In an unexpected turn of events in the European Parliament, a watered-down carbon market package was rejected by a majority of MEPs. The review of the EU Emissions Trading System (EU ETS) Directive was referred back to the Environment Committee and will now overlap with Member States finalising their position later this month.
The European Union must hold firm and act now to live up to its commitment to future generations by taking concrete steps to phase out free pollution permits under its Emissions Trading System
Europe’s carbon market – the EU Emissions Trading System (EU ETS) – could deliver up to 53% more emission reductions for aviation in Europe if applied to all departing flights compared to the current plan, and 113% more reduction if extended to both incoming and outgoing flights, a new study finds.
Carbon Market Watch and other green NGOs express their grave concern about the European Commission’s proposal to generate €20 billion from the auctioning of allowances held in the Market Stability Reserve (MSR) of the EU’s Emissions Trading System (ETS) in order to finance measures to help fund the REPowerEU plan, which includes gas and oil …
Despite some progress and a number of hardwon victories for the climate, MEPs on the European Parliament’s environment committee failed to raise the ambition of the EU’s Emissions Trading System (EU ETS) to a level that would avoid catastrophic temperature rises.
If the European Union does not significantly strengthen its reformed flagship Emissions Trading System (EU ETS), it risks fuelling planetary heating that will exceed 1.5°C and even missing its own inadequate targets, two simulations show.
The Intergovernmental Panel on Climate Change’s (IPCC) latest report underscores the urgency of the climate crisis: the effects of the climate breakdown are already being felt around the world, and will only become more destructive in the coming decades. Humanity is rapidly running out of time to keep planetary heating limited to the Paris Agreement’s …
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